• Comments on December Housing Starts

    1 month ago - By Calculated Risk

    Earlier: Housing Starts increased to 1.669 Million Annual Rate in December
    Total housing starts in December were above expectations, and starts in October and November were revised up. The single family sectors has increased sharply, but the volatile multi-family sector is down significantly year-over-year .
    The housing starts report showed starts were up 5.8% in December compared to November, and starts were up 5.2% year-over-year compared to December 2019.
    Single family starts were up 28% year-over-year. Single family starts are at the highest level since 2006. Low mortgage rates and...
    Read more ...

     

  • Housing construction sees ‘biggest bang' since 2006

    Housing construction sees ‘biggest bang' since 2006

    1 month ago - By Inman

    New homes authorized by permits were up 17 percent year over year in December, according to the U.S. Census Bureau and U.S. Department of Housing and Urban Development.
    Read more ...

     

  • Housing Starts increased to 1.669 Million Annual Rate in December

    Housing Starts increased to 1.669 Million Annual Rate in December

    1 month ago - By Calculated Risk

    From the Census Bureau: Permits, Starts and Completions
    Housing Starts:
    Privately-owned housing starts in December were at a seasonally adjusted annual rate of 1,669,000. This is 5.8 percent above the revised November estimate of 1,578,000 and is 5.2 percent above the December 2019 rate of 1,587,000. Single-family housing starts in December were at a rate of 1,338,000; this is 12.0 percent above the revised November figure of 1,195,000. The December rate for units in buildings with five units or more was 312,000.
    An estimated 1,380,300 housing units were started in 2020. This is 7.0...
    Read more ...

     

  • US home construction jumped 5.8% in December to 1.67 million units as housing ends strong year

    1 month ago - By Stl Today

    WASHINGTON - US home construction jumped 5.8% in December to 1.67 million units as housing ends strong year.
    Read more ...

     

  • 4 unexpected places real-estate investors should target in 2021, from a pro who's done hundreds of millions of dollars in deals

    4 unexpected places real-estate investors should target in 2021, from a pro who's done hundreds of millions of dollars in deals

    1 month ago - By Business Insider

    Summary List Placement Smart real-estate investors are almost always on the lookout for new opportunities.
    And as some areas of the US face projected home-price decreases over the next year while others are primed to grow in demand , some areas are ripe for investment now, according to lifelong real-estate investor Cody Sperber .
    Sperber is the self-described " clever investor " and founder of "for-purpose" development company Green Elephant Development. He started investing in real estate with no money to his name, and has climbed his way to hundreds of million in deals using strategies...
    Read more ...

     

  • US home construction jumps 5.8% in December to 1.67 million

    1 month ago - By Chron

    WASHINGTON - U.S. home construction jumped 5.8% in December to 1.67 million units, ending a strong year for home building.
    The better-than-expected gain followed an increase of 9.8% in November, the Commerce Department reported Thursday.
    Housing has been one of the star performers this year even as the overall economy has been wracked by the coronavirus. Record-low mortgage rates and the desire of many people to move to larger homes during the extended stay-at-home period has fueled demand.
    For December, construction of single-family homes increased 12%.
    Read more ...